A Fractional CIO is an experienced, multi-faceted senior technology executive professional who serves as the part-time chief information officer (CIO) for organizations that otherwise could not afford or would not need a full time executive. The key business benefit of retaining a Fractional CIO is that they provide the same expertise and capability of a full-time CIO without the associated level of salary, benefits and overhead expense associated with adding a top level executive. Fractional CIOs typically serve several companies and manage the day-to-day IT operations, resources and staff. When not on-site, a fractional CIO is still working, still available, still thinking about what you need and how to get it for you.
- Independent - On your side and in it for the long term; vendor agnostic; trusted advisor
- Strategic - Work strategically yet deliver reality
- Experience - Experienced technology executive leader; multi-company/industry perspective
- Business-focused - Business drivers feed technology
- Liaison - Make your technology suppliers/outsourcing and staff work successfully
- Value – Increase agility; fractional and flexibility cost
- Return - Align technology spending with business objectives, define and measure ROI
- Reduce Risk – Temporary to long-term in your control
Fractional CIO Role and Responsibilities
The following are typical responsibilities of the Fractional CIO.
- IT and business strategic alignment
- IT leadership and management
- Key performance metrics definition and reporting
- ROI evaluation and budgeting
- Service provider and resource management
- IT and business risk management
- Business process design and optimization
- Project management
- IT governance, security and compliance management
- Disaster recovery and business continuity planning
- Contract review, negotiation and management
- Executive team advisor
Strategic Viewpoint – A significant advantage of having a CIO is that you now have a single point of contact and a person solely responsible for designing a technology strategy and the infrastructure and applications that will meet your business goals. Because the technology leader is an integral part of your executive team, the technology strategy and roadmap will closely align with your business needs and drivers and allow your business to be competitive and productive.
Information Resource – A CIO typically brings years of experience and a wealth of information to your organization. Whether it is determining the best technology strategy, infrastructure strategy, educating you on how to utilize social media to grow business, or explaining how cloud computing may be right for you, your CIO provides leadership and vision.
Business Liaison – Working closely with both the business side of your business and the technology side, your CIO helps ensure that the business drivers and needs are being met by your current and future technology strategy. Your CIO can translate business speak into technology terms and also explain technology solutions in layman’s terms. This allows both the business and technology teams to understand goals, technology, and business drivers.
ROI – A Fractional CIO can help align technology spending with business objectives. The Fractional CIO can also help to measure technology expenses against, maintain budgets, define ROI baselines, and help your business decide which technology projects, services, or applications will meet your business needs and what the return on investment will be.